Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Malaysia News  >>   Economy  >>   Malaysian companies should seize on strengthening currencies
NEWS UPDATES 14 July 2010

Malaysian companies should seize on strengthening currencies

Related Stories

July 9, 2010 
 
 Malaysian rate hike unlikely

November 19, 2009
Malaysia: Growth seen at 5% in 2010
 

November 13, 2009
Analysts predict Malaysia GDP to reach 3.2% in 2010

November 1, 2009
Malaysia: Govt won’t revise credit card tax policy

Malaysian companies should take advantage of the strengthening ringgit, ECM Libra Investment Research said, reported by Bernama.

In a statement Wednesday, the research house said those local companies which derive income mainly from domestic or regional sources, but have US dollars, euro and British pound denominated liabilities or costs, stand to benefit.

It also highlighted that on the other hand, local companies which export to the United States and Europe, as well as those with overseas operations in these countries, would be affected by the strengthening ringgit.

"Asian currencies, including the ringgit, are supported by robust domestic economies, improvement on exports and selective money tightening, vis-a-vis the U.S. dollar and European currencies," it said.

The ringgit has to-date, surged 7.1 percent against the US dollar, and at the same time, climbed against the euro and British pound to 18 per cent and 13.5 per cent respectively.

ECM Libra said the increase against the US dollar, the euro and British pound, is mainly due to the structural issues in these economies such as high unemployment and fiscal deficit, which have taken a toll on their respective currencies.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com